Canada Ruminant Methane Reduction Market Size & Outlook
Canada ruminant methane reduction market, 2018-2030 (US$M)
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Canada ruminant methane reduction market highlights
- The Canada ruminant methane reduction market generated a revenue of USD 78.0 million in 2023 and is expected to reach USD 139.1 million by 2030.
- The Canada market is expected to grow at a CAGR of 8.6% from 2024 to 2030.
- In terms of segment, feed additives/ supplements was the largest revenue generating product in 2023.
- Other Products is the most lucrative product segment registering the fastest growth during the forecast period.
Ruminant methane reduction market data book summary
| Market revenue in 2023 | USD 78.0 million |
| Market revenue in 2030 | USD 139.1 million |
| Growth rate | 8.6% (CAGR from 2023 to 2030) |
| Largest segment | Feed additives/ supplements |
| Fastest growing segment | Other Products |
| Historical data | 2023 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Feed Additives/ Supplements, Other Products |
| Key market players worldwide | DSM Firmenich AG, Elanco Animal Health Inc, Blue Ocean Barns, Alltech, CH4 Global, Mootral, Symbrosia, Fonterra Shareholders Fund, Rumin8, ZELP, Cargills Ceylon, FutureFeed |
Other key industry trends
- In terms of revenue, Canada accounted for 3.2% of the global ruminant methane reduction market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. ruminant methane reduction market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 139.1 million by 2030.
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Ruminant Methane Reduction Market Scope
Ruminant Methane Reduction Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada ruminant methane reduction market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to ruminant methane reduction market will help companies and investors design strategic landscapes.
Feed additives/ supplements was the largest segment with a revenue share of 90.64% in 2024. Horizon Databook has segmented the Canada ruminant methane reduction market based on feed additives/ supplements, other products covering the revenue growth of each sub-segment from 2018 to 2030.
In Canada, the market is being driven by initiatives such as approving innovative feed ingredients. The approval of such ingredients, particularly those designed to mitigate methane emissions from ruminant livestock, catalyzes market growth by providing farmers with effective tools to address environmental concerns while maintaining productivity.
These innovative feed ingredients, which may include additives like seaweed or specialized dietary supplements, offer promising solutions for reducing methane production in ruminants without compromising animal health or performance.
With this approval, nearly 10,000 dairy farmers across Canada were expected to leverage Bovaer to advance their net-zero ambitions, achieving an average reduction of 30% in methane emissions from dairy cows.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada ruminant methane reduction market , including forecasts for subscribers. This country databook contains high-level insights into Canada ruminant methane reduction market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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